Cal-Maine Foods Inc (NASDAQ:CALM) has received an average recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company.

A number of brokerages have recently issued reports on CALM. Vertical Group lowered shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine lowered shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 30th. BidaskClub lowered shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 27th. Finally, Stephens lowered shares of Cal-Maine Foods from an “overweight” rating to an “equal weight” rating in a research note on Monday, October 1st.

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In other Cal-Maine Foods news, CFO Max P. Bowman acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, October 11th. The shares were purchased at an average price of $45.51 per share, for a total transaction of $91,020.00. Following the completion of the purchase, the chief financial officer now directly owns 2,000 shares in the company, valued at $91,020. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 33.03% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CALM. NEXT Financial Group Inc acquired a new stake in Cal-Maine Foods during the third quarter worth about $133,000. First Quadrant L P CA bought a new position in Cal-Maine Foods in the 3rd quarter worth about $161,000. NumerixS Investment Technologies Inc bought a new position in Cal-Maine Foods in the 2nd quarter worth about $190,000. United Services Automobile Association bought a new position in Cal-Maine Foods in the 2nd quarter worth about $208,000. Finally, Amalgamated Bank bought a new position in Cal-Maine Foods in the 2nd quarter worth about $219,000. Hedge funds and other institutional investors own 63.09% of the company’s stock.

Shares of Cal-Maine Foods stock opened at $44.74 on Friday. The stock has a market capitalization of $2.23 billion, a PE ratio of 15.75 and a beta of 0.39. Cal-Maine Foods has a 1 year low of $39.50 and a 1 year high of $52.30.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Monday, October 1st. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.23). The company had revenue of $340.60 million during the quarter, compared to analyst estimates of $346.76 million. Cal-Maine Foods had a net margin of 9.76% and a return on equity of 18.99%. The business’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.33) EPS.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were paid a dividend of $0.085 per share. The ex-dividend date was Tuesday, October 30th. This represents a $0.34 annualized dividend and a yield of 0.76%. Cal-Maine Foods’s dividend payout ratio (DPR) is 11.97%.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.